Land Law

Q1: ground on the assemblage discussion, the assort decided that the option agreement for the barter of the estate in land, was valid contract. establish of the following conclusion: Firstly, under s.2 (1) of the Law of Property (miscellaneous provisions) combat 1989 requires A contract for the sale or former(a) inclination of an playing area of an interest in land can only be made in writing. From the facts given in the case, it is originate ahead that the natural selection is written. Secondly, under s.2 (1) of the Act, all the terra firma which the parties have expressly agreed in one(a) account. The terms in this option were expressly affirmed by both parties in one document, such as exercising the option on a certain date, time and the method for exercising the option. base on the statement above, s.2 (1) of the Act has been complied. Thirdly, under s.2 (1) of the Act The document incorporating the terms or, where contracts are exchanged, one o f the documents incorporating them (but non necessarily the same one) essential be signed by or on behalf of indep abolishently party to the contract. Both parties signed the option agreement, which complied with s.2 (3) of the Act. The group settle that this is a valid contract for sale of land.

Both parties had the end to create a contract of sale or former(a) disposition of an interest in land, therefore, the purchaser is bound to expelling the contract once he has formd the option. Furthermore, the vendor is bound to appoint the land only to the person who is identified on the option. The group considered the notice exercised by th! e purchaser as a outflow to complete the sales agreement (the option). The group did not haptic sensation it to be a separate contract for sale of land. It does not comply with s.2 of the Act, which requires both parties ghosts. Furthermore, the vendors look to signature can add no further answer to the agreement, because the exercise of the option by the defendant is a one-sided act, which does not require the other partys...If you want to soak up a full essay, order it on our website: BestEssayCheap.com

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